| SPXL latest price $80.4700 (-0.98%) ($80.1400 - $82.1400) on Wed. Jun. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 64 |
Latest Price | $80.4700(-0.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IVE(96%) VT(95%) IWF(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.3% in a week (0% probabilities). VXX(-71%) VIXM(-65%) UUP(-33%) TBT(-31%) BLOK(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.3% (StdDev 2.6%) |
Hourly BBV | -1.1 () |
Intraday Trend | -1.2% |
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